|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||86.28 - 87.45|
|52 Week Range||65.28 - 87.45|
|PE Ratio (TTM)||21.01|
|Earnings Date||Nov 16, 2017|
|Forward Dividend & Yield||2.04 (2.55%)|
|1y Target Est||86.94|
A roundup of some of the most popular, but completely untrue, headlines of the week. None of these stories are legit, even though they were shared widely on social media. The Associated Press checked these out; here are the real facts:
According to recent reports, Lord & Taylor is close to landing a deal with Walmart that will grant it a dedicated space on its website. The report also claims that the deal will have Lord & Taylor continuing to operate its own website for sales. Lord & Taylor could see a major boost in online sales by teaming up with Walmart.
For example, JD.Com Inc(ADR) (NASDAQ:JD) will maximize revenue when Singles Day in the region arrives on Nov. 11. Chances are good that JD.com, Alibaba Group Holding Ltd (NYSE:BABA) and Tencent will all report record-breaking year-over-year sales on that day. As online traffic soars, demand for JD.com’s network services will go up.
Walmart's stock has risen over 25% in the last 6 months. This has been hugely surprising to analysts, with the company surging past most sell-side estimates. The retail giant has recently been facing several well-publicized headwinds, which seem to be having to bearing on its stock price.
Walmart is close to a deal with department store Lord & Taylor in its latest move to take on Amazon, the Wall Street Journal reports . The partnership would be the first step in creating an online mall that would be accessible from Walmart’s website, per the Wall Street Journal. Men’s clothing brand Bonobos and online retailer Jet.com, both owned by Walmart, could also be added to the project in the future.
Investors may be afraid of the German competitors' U.S. push, but Walmart has beaten their price-cutting prowess while focusing on e-commerce and delivery.
These days, the retailer known for the lowest prices on food and other goods, is less Bentonville, Arkansas, and more Palo Alto, California.
Some 40,000 pedestrians pass through New York City's Herald Square daily. Now, Target is counting on its reputation for style and price to lure them in with its brand-new store.
U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures. Retailers including Macy's Inc and J.C. Penney have said they will hire the same or fewer seasonal workers for the holidays this year than last, while some, like Wal-Mart Stores Inc, have chosen not to hire temporary workers at all.
Walmart is close to a deal to partner with Lord & Taylor, according to the Wall Street Journal. If it goes through, the department store would be able to sell items on Walmart.com. Yahoo Finance’s Alexis Christoforous, Ethan Wolff-Mann and Dan Roberts figure out if this is a smart business strategy.
In 2007, Bonobos was one of the first retailers to begin selling clothing exclusively online. Four years later, it launched guide shops, where you try clothes on at their brick and mortar store, but everything you buy is shipped to you. This past summer, Walmart bought the company for $310 million. Andy Dunn, founder and CEO of Bonobos and senior vice president of digital consumer brands at Walmart eCommerce, joins "CBS This Morning" to discuss the changing landscape of online and offline retail.